Market News Page No. 394| Africa Business News | Afrotrade

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Food Giant, Willowton Group to Set Up U.S.$40 Million Plant in Africa

South African company Willowton Group will spend at least $40 million to set up an integrated fast consumer goods plant in Mutare. The group manufacturers a wide range of products which include edible oils, margarines and spreads, toiletries, laundry and bathing soaps, candles, chocolates, and baking and industrial fats. Some of its popular brands on the local market include Sunfoil cooking oil and D'lite cooking oil. "The.... Read more »

Posted on : Monday , 4th January 2016

Africa's Automobile Sector to Contribute 4.5 Percent of 2016 Global Sales

Africa's automobile sector may contribute at least 4.5 per cent of 2016 global automobile sales as a result of the country's increased investment in the automobile sector in 2015, which encouraged local production. This was contained in the review report of the trends in the automobile sector in Nigeria by online vehicle marketplace, Carmudi.com.ng. According to the report, "In 2015, investment in the automobile industry.... Read more »

Posted on : Monday , 4th January 2016

Tanzania Exports Rise By 9.2 Per Cent On Strong Industrial Manufacturing

Tanzania's value of exports has increased by 9.2 per cent as manufacturing improved in the year ending 2015, according to the Bank of Tanzania (BoT). The exported goods and services reached $9.4 billion, said the latest Monthly Economic Review for November. Foreign exchange earner increased from $1.98 billion to $2.23 billion during the corresponding period last year. Manufacturing exports also improved.... Read more »

Posted on : Monday , 4th January 2016

Uganda: Agro-Forestry to Boost Income, Conservation

Farmers in Buikwe, Mukono, Kalangala and Mpigi districts as well as the outlying Buvuma islands are engaging in agroforestry to boost their agricultural production as well as combating climate change. The initiative, which is a collaboration between World Wide Fund for Nature (WWF) and National Forestry Authority (NFA), will have many farmers simultaneously conserve forests and plant particular trees species for fruits, to aid bee.... Read more »

Posted on : Thursday , 31st December 2015

Eskom Uganda Is Committed to Improving Maternal and Infant Health

Ugandans know Eskom as a reliable partner for generation of electricity which has spurred development and progress in this country. You know Eskom as people who have for the last 12 years operated and maintained this country's first two hydro power stations, Nalubaale and Kiira, without incident and/or deficiency. The plant availability for both dams for the period since the start of the concession in 2003 has consistently been.... Read more »

Posted on : Thursday , 31st December 2015

Rwf11 Billion for Nyagatare-Rukomo Road Construction

The Government of Rwanda and Saudi Fund for Development (SFD) yesterday signed a $15 million (approximately Rwf11.2 billion) concessional loan to fund the construction of Nyagatare-Rukomo road. The 30 year concessional loan will support the construction of a 7 meter wide, 73 kilometer two lane tarmac road between Nyagatare and Rukomo, Claver Gatete, Minister for finance and economic planning said. He added that the loan comes.... Read more »

Posted on : Thursday , 31st December 2015

Athi River Cement Eyes Sh12.7 Billion Expansion Plan

Cement manufacturer Athi River Mining (ARM) is talking to a strategic investor to support its expansion plans. The firm, while remaining cagey about what the planned capital injection to the tune of Sh12.7 billion on Monday said, "discussions are still going on and further details of the investment shall be made available to the shareholders of the company and the public in due course." "ARM Cement Limited is.... Read more »

Posted on : Thursday , 31st December 2015

Ethiopia: Road Construction At Legehar Resumes

Flawed design delayed this project though the first segment of road was completed 10 years ago A road design which had intended to demolish the historic building at the La Gare train station finally gave way to another design that makes a detour, allowing road construction to resume on December 14, 2015, after a delay of 10 years. The construction, which is now expected to be completed in three months, initially envisioned the.... Read more »

Posted on : Thursday , 31st December 2015

Ghana: U.S.$1.5 Billion Tema Port Expansion Project Starts 2016

Expansion works on the Tema Port will start next year. The first phase of the $1.5 billion project is expected to be done in about three years. The port is expected to handle thrice its current traffic of about one million Twenty-foot Equivalent Units (TEUs) when completed, according to marketing and public relations manager Paul Asare Ansah. The investment, according to Mr Ansah, "is going to expand the capacity of the.... Read more »

Posted on : Thursday , 31st December 2015

Umeme Ltd nears completion of substation for Ugandan township

Uganda’s power utility company Umeme Limited is in the final stages of constructing a 40 MVA substation in the Namugongo township The new facility will help reduce losses during the distribution of power and also provide stable power around Namanve, Kireka, Namugongo and Kyaliwajjala areas. Project officials revealed that US$5mn was spent on constructing the power plant, while US$2mn was spent on feeder lines. Power from.... Read more »

Posted on : Tuesday , 29th December 2015

IFC and Alten-led consortium to develop 120MW PV plant in Nigeria

International Finance Corporation (IFC) and Alten Middle Band Solar One have agreed to jointly develop a 120MW solar photovoltaic power project in Kogi State, Nigeria Alten has signed the agreement with a consortium of power plant developers such as Green Continent Partners Holding B.V. and Nemoante. The Kogi State plant will supply power to around 175,000 individuals as well as industrial clusters. “Under the agreement,.... Read more »

Posted on : Tuesday , 29th December 2015

India Export Council partners with logistics firm Bollore Africa for pharma product storage

The India Pharmaceutical Export Council has entered into a partnership with logistics firm Bollore-Africa to allow pharmaceutical companies from the country to store their products shipped to that continent. Following the agreement with Bollore-Africa, India’s first in the pharmaceutical sector, the Pharmaceuticals Export Promotion Council (Pharmexcil) hopes a common warehousing facility in Nigeria will be operational by February.... Read more »

Posted on : Tuesday , 29th December 2015

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